Rise In Jobless Claims May Lead To More Calls For Unemployment Benefits Extensions

An increase in jobless claims last week has many concerned over the condition of the job market as various reports continue to show that these claims have stayed around 400,000 to 500,000 over the past months.

An article on CNN Money stated that since last November, jobless figures have stayed in the 400,000 area, which is troubling for individuals who have been unemployed in the long-term. Reports like these, though, have given jobless men and women more ammunition in their fight for unemployment benefits extensions.

Individuals who have been unemployed for 99 weeks of more have called for a tier 5 unemployment benefits extension throughout the year. While unemployment benefits are a very hot-button issues and have invoked serious heated debates, many men and women who have been without a job for 99 weeks or more feel that with jobless claims remaining stagnant, more needs to be done to address the issue of employment difficulties for those who have been without a job in the long-term.

Despite the fact that businesses are hesitant to hire and slow to grow, small business loan opportunities have been made available and tax credits have been offered to companies who provide jobs to men and women that have been unemployed over the past months.

Yet, many feel that these hiring incentives have done little to help the job market, as again, jobless refuse to drop, for the most part. There are some who say that private businesses are beginning to hire more so than earlier in the year, but analysts feel that millions of job opportunities will need to become available before we can return to pre-recession jobless numbers.